Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    58 Co Rd 217 Alton, MO 65606

    • Land
    • 1,200 SF
    • 8.39 lot acres
    For Sale
    View listing
    $269,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 58 Co Rd 217

    Lot size
    8.39 lot acres
    Property size
    1,200 SF
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 8.39-acre hobby farm in Alton, Missouri, presents a unique opportunity for country living. The property boasts a charming 1,200 square foot home featuring two bedrooms and two bathrooms, an open-concept living area with vinyl plank flooring, and a functional custom kitchen. Enjoy the comfort of central heat and air, supplemented by a wood-burning stove. Exterior features include Diamond Kote siding, a metal roof, and a front deck overlooking a year-round spring-fed creek. The land itself is a haven of natural resources, including multiple springs (two with boxes, one with a pump), two ponds, a private well with a new pump and pipe, and a fenced garden area. Animal enthusiasts will appreciate the existing infrastructure: two chicken coops, a duck coop, and various barns suitable for storage or livestock. An older farmhouse with a cistern is also on the property. Two RV hookups are available. The property is fully fenced and cross-fenced. Fruit trees include apple, peach, pear, plum, persimmon, and walnut. The farm is conveniently located near the Mark Twain National Forest and the Eleven Point River. The asking price is $269,000. This property is zoned as multifamily and includes land.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alton
    County
    Oregon
    State
    Missouri
    Longitude
    -91.2688
    Latitude
    36.6543

    Comparable in this City

    • Value Estimation by Request
      28.00 Acres

      1100 County Rd

      Farms • 28.00 Acres
      1100 County Rd, Alton, MO 65606
      View Details
    • Value Estimation by Request
      12.32 Acres

      17233 Mo 19

      Farms • 1,540 SF
      17233 Mo 19, Alton, MO 65606
      View Details
    • Value Estimation by Request
      71.69 Acres

      153 Private Rd

      Land • 71.69 Acres
      153 Private Rd, West Plains, MO 65606
      View Details
    • Value Estimation by Request
      10.02 Acres

      661 County Rd

      Land • 1,536 SF
      661 County Rd, Alton, MO 65606
      View Details
    • Value Estimation by Request
      20.03 Acres

      000 County Rd

      Land • 20.03 Acres
      000 County Rd, Alton, MO 65606
      View Details
    • Value Estimation by Request
      10.11 Acres

      3 Co Rd

      Land • 10.11 Acres
      3 Co Rd, Alton, MO 65606
      View Details

    Similar Nearby for Sale

    • $269,000
      8.39 Acres

      Missouri Hobby Farm - Alton

      8.39 Acres, 2 Bed/2 Bath Home
      58 Co Rd 217, Alton, MO 65606
      View Details
    • $4,500,000
      6,910 SF

      Premier Ranch on Eleven Point

      661-acre ranch featuring a 6900 sq ft executive home.
      4495 County Rd 405, Alton, MO 65606
      View Details
    • $3,500,000
      6,910 SF

      Ozark Mountain Riverway Ranch

      Premier cattle and horse ranch on protected scenic riverway.
      4495 County Rd 405, Alton, MO 65606
      View Details
    • $374,900
      1,940 SF

      Ozarks Hobby Farm with Modern Comfort

      Updated country home on 20 acres, perfect for homesteading.
      749 State Highway Hh, Alton, MO 65606
      View Details
    • $95,000
      2,940 SF

      Amish-Built Homestead on 20 Acres

      20-acre homestead near Alton, Missouri, with two homes and outbuildings.
      645 County Rd 201, Alton, MO 65606
      View Details
    • $145,000
      2,940 SF

      Secluded Amish-Built Homestead in Alton, MO

      40-acre homestead with two homes, shop, barn, and outbuildings.
      645 County Rd 201, Alton, MO 65606
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    58 Co Rd 217
    Alton, MO 65606
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.